The impact of Artificial Intelligence on legal practice: enhancing legal research, contract analysis, and predictive justice

Artificial Intelligence (AI) is changing a plethora of things in the legal industry through the introduction of useful tools for contract analysis, legal research and even predictive justice. As more law firms make use of AI technologies, legal services have improved greatly and become efficient, accurate and easily accessible. This paper assesses the impact of AI on legal practice and how it helps in predicting outcomes of cases, refining contract analysis and automating research in legal matters. The methodologies used for this research are statistical insights, comparative analysis and case studies to show how Artificial Intelligence (AI) is beneficial to the clients, the justice system and legal practitioners. However, as much as AI has many advantages, it could lead to bias, lack of transparency, misuse and abuse. In the concluding section are recommendations for the right use of AI in the legal industry; to enable stakeholders and legal professionals follow the path of fairness and trust in an AI-powered legal system.